Medigus Signs Distribution Agreement With Admedics

Medigus, an Israeli medical device company, signed a distribution agreement in Switzerland and Liechtenstein with Admedics, a distributor of minimally invasive medical devices. The sale agreement took effect July 1, the company said on Wednesday.

Admedics will be required to purchase a minimum of EUR1.8 million ($2.1 million) of the Medigus Ultrasonic Surgical Endostapler equipment, used to treat gastroesophageal reflux disease patients, over the course of the five-year agreement. The American depositary shares rose 2.2% to the highest since mid-July.

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